Inox Wind has signed a Rs 4,500 crore preliminary pact with the Gujarat government for setting up integrated wind turbine manufacturing facility in the state.
“Inox Wind has signed an MoU with Gujarat Government entailing an investment of Rs 4,500 crore to set up about 700 MW wind capacity in Gujarat,” the company said in a statement.
The company has an order book of 1,258 MW as of December 31, 2014.
Customers include Green Infra, Continuum Wind Energy, Tata Power Renewable Energy, Welspun Energy, Bhilwara Energy, ReNew Power Ventures, Hero Future Energies and a subsidiary of CESC.
The MoU will be implemented over next 2 years in 3 districts of Gujarat - Rajkot, Amreli and Kutch.